Property News - 28 January 2016

FROM THE EDITOR

SA Reserve Bank governor Lesetja Kganyago announced on Thursday that the repo rate has been increased by 50 basis points to 6.75%.

This decision by the Monetary Policy Committee is likely to create a further dampening effect on housing demand as consumers are already exercising a more conservative and considered approach to both buying and selling, says Dr Andrew Golding, CEO of the Pam Golding Property group. Read more in Pragmatic view on the repo rate & residential property market

“Don’t panic. Price realistically. And accept that deals will almost inevitably close with some degree of price discomfort for both buyers and sellers.” That’s the advice from Ronald Ennik as 2016 unfolds against the background of South Africa’s currently deteriorating socio-economic and -political landscape. Read more in SA homes market has seen worse times says Ronald Ennik

According to Shaun Rademeyer, CEO of BetterLife Home Loans, homebuyers need to look ahead and budget for the additional costs they may face once they become homeowners. Read more in Smaller homes, lower costs

Enjoy!
The editor

Property of the Week

In the News this week

Pragmatic view on the repo rate & residential property market

Market sentiment is a key factor which impacts on activity in the residential marketplace, so today’s decision by the Monetary Policy Committee to further increase the repo rate - by 50bps - is likely to create a further dampening effect on housing demand as consumers are already exercising a more conservative and considered approach to both buying and selling...

SA homes market has seen worse times says Ronald Ennik

“Don’t panic. Price realistically. And accept that deals will almost inevitably close with some degree of price discomfort for both buyers and sellers.”

2016 will be a great year for the rental market but one major risk looms for landlords

Over the past few years, demand for rental properties in the Helderberg Basin has been consistently high - with a big influx of people from Gauteng playing a big part in this...

Smaller homes, lower costs

Much has been said about the “hidden” costs of buying a home, such as transfer duty, legal costs and bond registration fees, but in these tough times, homebuyers also need to look ahead and budget for the additional costs they may face once they become homeowners...

Renovation and the best return on investment

With more people today focused on creating their wealth through property as a buffer against currency depreciation, renovation can offer a fast-track solution by adding significant value to a home as well as improving the resident’s quality of life...

Good reasons to keep on top of home maintenance this year

An ounce of prevention is worth a pound of cure, as the old saying goes, and it holds especially true these days for homeowners...

Making sense of water damage in Sectional Title schemes

There is often uncertainty in sectional title schemes about water leaks, the ensuing damp problems, and who is liable to pay for what damage...

Search For Properties by area

Focus on Moreleta Park, Pretoria

Property sales flourish in popular Moreleta Park

No matter what the economic “weather”, there is always demand for property in Moreleta Park, thanks to its excellent location about 12km to the south-east of the Pretoria CBD and adjacent to the luxury Woodhill Golf Estate...

The changing face of Rivonia

Rivonia is one of a handful of suburbs in South Africa which has proven largely resilient in the face of economic downturns and able to weather the storm with quiet and consistent endurance, largely because when people move into the area they tend to stay...

Developers cater for home buyers in high demand KZN North Coast node

As 2016 kicks off to a tumultuous start, perhaps one certainty is that the coastal belt from Durban North and uMhlanga through to the burgeoning Sibaya node and Umdloti is still booming...

"This is not advice. Clients should not act solely
on the basis of the material contained in this newsletter. Items herein
are general comments only and do not convey advice per se. Also changes
in legislation may occur quickly. We therefore recommend that formal advice
be sought before acting in any of these areas."